Latest News- Wi-Fi Extender Market: Single band extenders is expected to lead the Product Type segment during 2024-2028

The Wi-Fi Extender Market is being driven by Increase in development of smart cities

The Wi-Fi Extender Market is expected to grow at a CAGR of 7.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 766.8 million. In the rapidly advancing wireless technology landscape, the demand for Wi-Fi extenders is poised to increase significantly. As end-users globally transitioned from 2G to 3G wireless technology, the industry responded with the introduction of 4G LTE. With the proliferation of advanced smartphones and the exponential growth of data in graphical formats, the need for quick and seamless access to this information is paramount. Wi-Fi extenders, capable of connecting multiple users to high-speed wireless networks with expanded coverage areas, are essential tools in meeting this demand. Consequently, the global market for Wi-Fi extenders is anticipated to witness robust growth throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Single band extenders
  • Dual band extenders
• End-user
  • Enterprises
  • Consumers
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in development of smart cities
• Growing demand for wireless connectivity
• Rapid growth of urban population with increased telecom subscriber base

However, the market also witnesses some limitations, which are as follows:

• Latency issues
• Limitation of WLAN networks to cyber attacks
• Mandatory standards to be followed by manufacturers

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Market Scope in Wi-Fi Extender Market Research Report

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Research Analysis Overview

The Wi-Fi Extender Market encompasses innovative devices like Wi-Fi range extenders and mesh technology that enhance the coverage and connectivity of home Wi-Fi networks, particularly in areas with weak wireless signals. These extenders help increase Internet bandwidth for smart devices, mobile connectivity, and wireless networking in consumer electronics, home networking, and even smart cities. Troubleshooting dead spots and improving signal coverage is essential for tech-savvy individuals and open Wi-Fi systems. Wi-Fi extenders, such as Wi-Fi routers with gigabit ports and WPA3 encryption, are crucial for connected homes, smart appliances, and the smart home ecosystem. Public WiFi networks and telecommunications companies also benefit from LTE technology and Wi-Fi extenders to provide seamless connectivity.

Market Research Overview

The communications equipment market encompasses manufacturers of enterprise networking solutions, such as Local Area Networks (LANs), Wide Area Networks (WANs), routers, switches, and exchanges, as well as broadcasting and telecommunication equipment. According to Technavio, market size is determined by the revenue generated from equipment sales, investments in communication infrastructure, and telecom service provider upgrades. Excluded from this market are cellular phone manufacturers. Market expansion will be fueled by the rising number of data centers, increasing demand for higher internet bandwidth, and growing mobile connectivity needs in wireless networking.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/